India's GDP is projected to nearly double to $7 trillion by FY30-31, making it the third-largest economy globally, according to S&P Global. The nation’s GDP growth rate surged to 8.2% in FY24, outpacing previous estimates. Continued reforms and strong domestic demand are key drivers, along with increased private sector investment. India's per capita income is also expected to rise, transitioning the country to an upper-middle-income status. However, high food inflation and climate risks could challenge monetary policy and investments.